Search

Hempco Food and Fiber Inc. - Comparative Monthly Sales Report

Symbol: TSX.V – HEMP

VANCOUVER, Feb. 6, 2017 /CNW/ - Hempco Food and Fiber Inc. (TSXV: HEMP) ("Hempco®") is pleased to announce its monthly sales report. For the current month Bulk Sales total to $1,069,021* and Retail Sales total to $2,875* for a January sales total of $1,071,896*.

The following is a summary of approximate monthly bulk and retail sales (*=unaudited):

Bulk hemp foods sales and PLANETHEMP brand retail products sales

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Total

Bulk2015/2016

$279K

$434K

$249K

$209K

$183K

$540K

$415K

$632K

$949K

$809K

$351K

$190K

$5.24m

Bulk

2016/2017

$1.m*

$870k*

$223k*

$777k*

$1.1m*

$3.97m*

Retail

2016/2017

$1k*

$50k*

$5k*

$47k*

$3k*

$106K*

Fiscal year end August 31

HEMPCO – Sales more than double from this sales period last year!

"We are way ahead of last year, and the Hempco® team is working diligently to keep increasing bulk and PLANETHEMP retail sales." says CEO, Charles Holmes. "There is still lots of work ahead of us, and even though we are behind schedule a couple months on the new facility in Nisku Alberta, the expectations of our new facility and production capacity is an exciting vision that drives us to excel."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing may not occur for any reason. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as the decision of the TSXV to reject any grant of options or any person to act as investor relation service providers. Except as required by law, the Company does not intend to update any changes to such statements.

SOURCE Hempco Food and Fiber Inc.

For further information: Don Mosher, Business Development, don@hempcocanada.com, P: 604-685-6465